You Won’t Believe the $300 Billion AI Deal Shaking Silicon Valley 🚀
OpenAI has agreed to spend $300 billion over five years on Oracle’s cloud infrastructure, one of the largest tech deals on record. Oracle shares jumped up to 43% after the announcement, briefly making Larry Ellison the world’s richest person. Nvidia will supply the AI chips powering OpenAI’s workloads through Oracle’s cloud. The deal’s scale has triggered concerns about a possible AI investment bubble.